Tomorrow we will witness the listing of CATI on Binance. The Catizen project started as a Telegram game but it has factors that may make it different from others.
In this article, we will delve into explaining what CATI is, its project, and its future plans, which distinguish it from other Telegram currencies.
What is Catizen?
Catizen Project is a Mini App on Telegram that includes several games. The idea of the project is to build a gaming ecosystem on Telegram.
One of the most important things that differentiates Catizen from other Telegram applications is that they have built a profitable business model from users and players, and this is very important to measure whether this project has success factors or just ends with the end of the Airdrop.
According to a Binance report, the project made $26 million in profits within months of launching the game, a number that many other applications have not reached, as their profits depend largely on the date of listing and selling the currency in the market.
While the application currently has 9 different games, their expansion plans over the next year aim to increase this number to more than 200 games, each with an Airdrop system and different rewards.
They have plans to announce a launchpad and Airdrops for startups.
What is CATI coin?
CATI is the backbone of the Catizen project, playing a pivotal role in any payments or events within the project’s ecosystem. The token is also used to purchase in-game assets, pay for services such as Game Center and Launchpool, as well as the quest platform that the team is looking to launch soon. This means that everything related to interaction within the system requires the use of CATI, which enhances the value of the token as an essential part of the user experience.
Furthermore, CATI is used in governance, where its holders can participate in making decisions regarding the project’s development and future updates. The coin can also be staked for additional rewards.
The total supply of the coin is 1,000,000,000 CATI, and when it is listed tomorrow, the available supply for circulation will be only 305 million coins.
In order to encourage users to participate, the project allocates a large percentage of the total supply as Airdrops, with the Airdrop share being around 34%. However, this percentage will not be distributed all at once, but rather in stages, with what has been distributed so far representing less than half of the allocated share. This means that there are additional future opportunities for more Airdrops for interested users.
Who is behind the CATI project?
One of the most important strengths of the Catizen project is the project team and its investors. The project is one of the few projects that the Ton Foundation has highlighted, which gives the project great credibility. In addition, it was announced that the project received investments from Ton Web3 Venture and The Open Platform, which are two of the most important institutions that developed the TON network.
Their most prominent projects are the Tonkeeper wallet, the Notcoin game and its $NOT coin, and other important projects.
These investments add a very important element to the project’s potential success as it is linked to the most prominent successful projects on the TON network.
How much is CATI coin?
CATI is currently priced in the Pre-Market market at $0.5~$1, giving the project a market cap of $150~$300 million upon listing, which is close to the market cap of competing Telegram projects.
CATI coin listing will be tomorrow at 1pm Mecca time and will be on USDT, FDUSD, BNB and TRY trading pairs.
